Post
Topic
Board Altcoin Discussion
Re: if btc is in a bear market, can some alts still moon ?
by
777Jolami
on 01/04/2021, 04:21:37 UTC
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
This comparison is lame. In early 2018, many major incidents happened, the biggest being the conflict surrounding Chinese and Indian sanctions on bitcoin and cryptocurrencies. This explosion caused the symptom of severe congestion in the popularity of the crypto world, becoming the subject of "bubbles". But after Covid 19, things went well. The vast majority of institutional investors have created a huge incentive for bitcoin's value. ICOs do not have many ways to profit, but mainly decentralized finance (Defi) has supported the development of altcoins in a more macro direction. Though, I think the bear market is still there. but the resistance is now higher.